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On the move again will be nice to get back up to above 100 again
I dont think its Matthew's place to say why the SP fell 20% you should ask the sellers. The numbers were better than expected but headline comparisons with previous year look bad. (they had a few issues and profit warnings in 2014) The outlook is more bullish for this year and things are improving (as you would expect after such a bad 2014) Hopefully things will get back to where they were sooner rather than later. They have also cut costs too that should help the bottom line and the reporting is more conservative so hopefully will under promise and over deliver now from here
i'd love to see and hear Matthew Bending tell us why the share priced dumped 20% today when his statement was bullish in January about the prospects for the company and previous end to 2014…. All evry confusing so come on Matthew. PIPE UP!
If you would like to see Matthew Bending, CEO, present on behalf of SpaceandPeople, with the opportunity to ask him questions please follow the link below. The forum will be held on 25th of March from 5pm, registration is free. https://www.eventbrite.co.uk/e/equity-development-investor-forum-tickets-15845499315 Also presenting are ServicePower Technologies and Vislink. Thanks, The Equity Development Team
Took my profit ... I'm out
Let's hope the SP maintains the upward trend
SpaceandPeople (AIM:SAL) – reassuring update after a tough 2014. See more at http://tinyurl.com/qgjokbz
is double what they were expecting at year end. Sept update also spoke of significant 2014 contract work being pushed into 2015, so hopefully that will fuel the progress their talking about
Even Mr Market likes the update up 26% at one point. Hopefully it will go off the boil a bit when it becomes old news and then maybe it might be time to follow the directors.
Seemingly so, and supported by director buying shares. GL
mystic, its nice to see that things are improving. Lets hope that Germany is now sorted
6 January 2015 SpaceandPeople plc ("SpaceandPeople" or the "Company") Director Dealing SpaceandPeople (AIM:SAL) the retail, promotional and brand experience specialist, was notified today that Mr Charles Hammond, chairman of SpaceandPeople bought 23,500 ordinary shares of 1p each in the Company ("Ordinary Shares") at 45.75 pence per Ordinary Share on 16 December 2014. Following this transaction, Mr Hammond is beneficially interested in 23,500 Ordinary Shares representing approximately 0.12 per cent. of the Company's total issued share capital.
11-Sep-14 Buy Trade Notifier Information for SpaceandPeople Gregor Dunlay 46 GBX 10,000 10000 11-Sep-14 Buy Trade Notifier Information for SpaceandPeople George Watt 47 GBX 25,000 25000 24-Apr-14 Buy Trade Notifier Information for SpaceandPeople Matthew Bending 72.6 GBX 6,700 2102200 23-Jan-14 Sell Trade Notifier Information for SpaceandPeople Maurice Helfgott 132.5 GBX 85,000 40000
if its good enough for their money its good enough for mine ! im in
What happened here - i remember fancying this last yr - just checked and blam!
Simple question, it is not about accounts that is a retrospective snapshot......It can give you an insight but never the true reasons....often misread and interpreted from the perspective of the individual.....eg an accountant, a salesman, an investor, a gambler etc.... Because accounts are a snapshot and often compiled to best present a position at a year end, IMO never read accounts without looking at trends and motivation and context..... Context is market, legislation, global trends, management, competition etc Businesses die usually because they do not adapt or evolve through having a CIP and a strong strategic management. In this case the market and product are out of step with current trends, which have been evolving over the last 2-3 years.....clearly evident in the increase in online shopping and advertising and the effect on reduced footfall and i am guessing the mix of shoppers.....possible legislation in Germany and the low profitability of the UK business... But the management have not evolved a credible strategy early enough is quite clear. The management have also one very concerning shortcoming IMO....Control, coordination ...this was clearly evident in the prior figures where the announced an adjustment to the accounts of £1m +......over a very short timescale....that was the clear signal that something fundamental was wrong.....together with the directors sells during the year. They clearly do not have day to day control or knowledge of how their business is performing, without that how can they drive a clear strategy, control costs, expand sales, without knowing your margins.....IMO this exhibits signs of a weak rudderless management and worse a business with very fragile internal processes....and a direct threat to there survival in the future unless they change..... Business die if they do not evolve continuously, innovate..... And that means management.....and the management remains largely the same..... Usually management buys are a good sign, but only if it is not the 'Blind Faith' sort that i fear this maybe.... Well, having said that i hope i am proved completely wrong and this is a turnaround situation.....but i will not be holding my breath unless the management changes and they innovate and present a coherent internal and external strategy and open up new markets and opportunities....otherwise they will run out of cash and time..... GLA...
As did I, thankfully. And, as you can see from my last 2 posts on this bb, this is an avoid for me also ...unless I can be proven otherwise (by the biz model & mgmt)
The comments to this article are v interesting. http://www.stockopedia.com/content/small-cap-value-report-11-sep-2014-sal-demg-npt-sea-86087/?page=1#comments This comment was v interesting: "Firstly, Paul mentioned a while back that their biggest competitor had gone bust. Now that ought to have improved the trading position for Space and People but it hasn't. Could it be that the market is contracting? Also, how on earth do you go bankrupt in this business. You have people and an office as you are simply the middle man between the shopping centre owner and those who might want to rent space on a short or long term basis. I suppose they may have had a bad debt or is it that this business is a lot harder to make money in than it might seem? Secondly, one of their RNS's mentioned a drop in trade as a shopping centre owner now wanted to reduce clutter. It made me think that if one does perhaps others do too. Maybe during the dark days of the recession shopping centre owners looked at anything which would help footfall and retain people in their sites. Now that things are improving they are looking to get rid of the clutter. Is this perhaps a counter recessionary business?" Basically many of Paul Scott's loyal following questioned the business model / whether it's a business model that only works in recessions. So, basically, I'm in agreement with you Jolly - the business model & management need to prove themselves before this becomes investable
I avoided it thankfully! It is now an avoid for me on those results. Easy to say in hindsight, but was never particularly fond of the business concept...think it had just come on my radar after seeing how well jolly and others played the swing last time.
looks precarious imv...I would need a huge margin of safety to reinvest ...the business model and management need to prove themselves...I am increasingly skeptical
on one of those free carries lol (sold half @61p)
Yeah it certainly was. How disappointing. GTC and SAL were in a similar position but now it's clear the former is bouncing back, whilst SAL deserves the share price slump it's going through in all honesty. Are you in GTC out of interest?
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